Absolute Capital Management LLC Purchases 4,208 Shares of VanEck Semiconductor ETF $SMH

Absolute Capital Management LLC increased its position in shares of VanEck Semiconductor ETF (NASDAQ:SMH) by 9.9% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 46,832 shares of the company’s stock after purchasing an additional 4,208 shares during the quarter. VanEck Semiconductor ETF makes up approximately 6.5% of Absolute Capital Management LLC’s holdings, making the stock its biggest holding. Absolute Capital Management LLC’s holdings in VanEck Semiconductor ETF were worth $15,284,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in SMH. AQR Capital Management LLC increased its holdings in shares of VanEck Semiconductor ETF by 4.8% during the first quarter. AQR Capital Management LLC now owns 2,381 shares of the company’s stock worth $504,000 after buying an additional 109 shares in the last quarter. Empowered Funds LLC grew its position in VanEck Semiconductor ETF by 32.5% during the 1st quarter. Empowered Funds LLC now owns 11,789 shares of the company’s stock worth $2,493,000 after acquiring an additional 2,890 shares during the last quarter. Fifth Third Bancorp increased its holdings in VanEck Semiconductor ETF by 188.5% during the 2nd quarter. Fifth Third Bancorp now owns 300 shares of the company’s stock valued at $84,000 after purchasing an additional 196 shares in the last quarter. GC Wealth Management RIA LLC bought a new position in VanEck Semiconductor ETF in the 2nd quarter valued at $375,000. Finally, Janney Montgomery Scott LLC raised its position in VanEck Semiconductor ETF by 1.3% in the 2nd quarter. Janney Montgomery Scott LLC now owns 66,694 shares of the company’s stock valued at $18,600,000 after purchasing an additional 847 shares during the last quarter.

VanEck Semiconductor ETF Stock Performance

Shares of SMH stock opened at $416.63 on Thursday. VanEck Semiconductor ETF has a 52 week low of $170.11 and a 52 week high of $418.49. The stock has a market capitalization of $45.08 billion, a PE ratio of 34.83 and a beta of 1.52. The stock’s fifty day moving average is $370.14 and its 200-day moving average is $335.52.

VanEck Semiconductor ETF Announces Dividend

The business also recently disclosed an annual dividend, which was paid on Friday, December 26th. Shareholders of record on Monday, December 22nd were issued a dividend of $1.1047 per share. The ex-dividend date of this dividend was Monday, December 22nd. This represents a yield of 31.0%.

About VanEck Semiconductor ETF

The VanEck Semiconductor ETF (SMH) is an exchange-traded fund that is based on the MVIS US Listed Semiconductor 25 index, a market-cap-weighted index of 25 of the largest US-listed semiconductors companies. SMH was launched on May 5, 2000 and is managed by VanEck.